Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Up – Still a Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) shares gapped up before the market opened on Friday . The stock had previously closed at $19.85, but opened at $21.34. Akzo Nobel shares last traded at $21.42, with a volume of 10,503 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AKZOY shares. Wall Street Zen cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, UBS Group raised Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Akzo Nobel has a consensus rating of “Hold”.

Akzo Nobel Price Performance

The company has a fifty day moving average of $20.91 and a 200-day moving average of $22.03. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The stock has a market cap of $10.86 billion, a PE ratio of 15.00, a P/E/G ratio of 2.08 and a beta of 1.12.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. Sell-side analysts expect that Akzo Nobel NV will post 1.52 EPS for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.